Big Deal: This company will come in the bag of Anand Mahindra, 55 55Cr … result in the stock! – Anand Mahindra takes 58 per cent stake in M and MSML Isuzu
Mahindra & Mahindra (M&M), led by the country’s senior businessman Anand Mahindra, has signed a major contract, under which the company has announced that it will buy a majority of SML Isuzu. After this, the largest name in the heavy vehicle segment will be included in the portfolio of the Mahindra Group of SML Isju Limited. According to reports, Mahindra has made the big deal at Rs 555 crore, as it is described as an important step to strengthen its existence in the business segment of the proposed acquisition company.
Contract 58.96% of shares
According to the report, the agreement, which was Rs. Under this, the company will buy 58.96% of the SML Isuzu. This acquisition is a major step to strengthen its appearance in the commercial vehicle segment in Mahindra, where its market share is currently 3%. The Mahindra group, which receives the SML business, hopes to produce its shares immediately, that is, 6%.
How to be completed by Mahindra-SML Agreement
Information on this Rs 555 crore contract from Mahindra & Mahindra has been shared in the stock market, and the M&M SML advertiser Sumitomo Corporation Sumitomo Corporation will buy a full share of 43.96 per cent, while Isouz Motors Limited Carbo -Carborat has a total of 15th century. Buy here that the transaction is pending for the approval of the CCI and the acquisition is expected to be completed by 2025.
The CEO told the Milestone
After the agreement between Mahindra Group and SML Isjuju, Mahindra CEO-MMT Anish Shah said, “Getting the SML Isuzu is a big milestone to increase the growing business of the Mahindra Group’s perspective.” Rajesh Jajurikar, Managing Director and CEO of Mahindra & Mahindra Limited, said that SML has brought a strong tradition, a large customer site and a reliable product portfolio. Together, we are in a good condition to expand quickly and improve profitable growth, ”he said.
The impact will be seen tomorrow!
Established in 1983, SML Isuu has a 16% share in India’s truck and bus market, especially intermediate light business (ILCV). Speaking of SML Isu’s role, the company’s stock was closed at Rs. At the same time, look at the shares of Mahindra & Mahindra, the stock was closed at Rs. Now the impact of this major contract can be found in the stocks of both companies during trading on the stock market on Monday.
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